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Search Results 0 to 12 of about 13 (some duplicates have been removed)
on capitol hill. will lawmakers strike a deal on avoid the fiscal cliff by the new year? plus, union members flock to michigan's capital. the changes ahead for the workforce in the great lakes state. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning and happy 12-12-12! i'm angela miles. in today's first look: the market rallied into today's anouncement from the federal reserve which includes a news conference from fed chair ben bernanke. the dow is now up for the 5th session in a row. the other big news - oil was a gainer for the first time in 6 sessions. explosive details are emerging that fedex was "systematically overcharging" businesses and the goverment. the emailed comments were released in court documents in a class action lawsuit. a fedex official says the documents don't tell the whole story. and shares of rare earth molycorp fell 5% on word the cmpany is seraching for a permanent ceo. larry shover of sfg alternatives joins us now for an early look at the market. good morning to you. and are we waiting for
buy: starbucks or green mountain? and, should unions become the high hope for low wage workers? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning on this jobs friday. it's december 7th. i'm angela miles. in today's first look: the unemployment numbers. the market expects 90,000 jobs were added to payrolls in november and the unemployment rate will inch up to 8%. stocks and gold rallied ahead of today's numbers on jobs. however, oil slid more than $1 due to a growing supply of gasoline. netflix ceo reed hastings has received a wells notice from the sec. it reportedly has to do with information disclosed on his facebook page. also, according to reports, the washington post may be closer to charging customers to read artcles online. tim mulholland of china-america capital joins us on this jobs friday. tim, we are being told there could be a murky jobs number because of hurricane sandy. what do you think about that? > > i think the market will dismiss a weaker-than-expected number because of hurricane sandy and
divided over union rights legislation. how one signature could affect millions. plus, from retail giant to bankrupt & broken - a look at the rise and fall of circut city. how top techniques used by wealthy americans turn into big deductions on taxes. and, ways companies are tracking smartphones to learn how to advertise to your children. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's tuesday, december 11th.i'm angela miles. in today's headlines... the market is still looking for progress on avoiding the fiscal cliff. president obama and congressmen boehner met at the white house yesterday. stocks inched higher on the news, with the dow and s&p 500 near 5-week highs. selling in apple once again held back the nasdaq. gold was up and oil was down. a two-day fed meeting starts today with the fed most likely talking about stimulating the economy by purchasing more treasury bonds to keep interest rates low. the government is selling its remaining stake in aig... and reports say regulators have a $1.9 billio
comments regarding the fine. jp morgan is beind sued over mortgage losses. the national credit union administration is filing lawsuits against both jpmorgan and its bear stearns unit. the suit claims that bad mortgages totaling $3.6 billion were sold to a handful of federal credit unions. losses from the mortgage securities eventually led the unions to collapse. rim is giving 120 top-tier customers a sneak peak of the new blackberry 10. select government and enterprise customers are beta-testing the new phone. the blackberry 10, which launches next month, is considered by many watchers to be a make-or-break device for blackberry. research in motion, better known as rim, has been struggling mightily to maintain market share against the iphone. the race to the top spot in car sales is becoming more competitive. currently, general motors is in the lead, but toyota is coming on strong and so is volkswagon. based on gm's track record of overproducing cars then offering incentives to clear out showrooms, coming in second is not that bad accoridng to joe wiesenfelder of cars.com. "it might
in michigan's capitol city, where legislation is about to be passed that could weaken the power of unions. protestors are furious. republican lawmakers moved quickly last week to enact "right to work legislation," allowing workers at unionized companies not to pay dues to the union, which reduces bargaining power right in the uaw's own back yard. the measure has already been approved by both chambers of michigan's legislature, and final enactment could take place tomorrow. republican governor rick snyder supports the legislation. if enacted, it would make michigan the 24th state with right-to-work laws. recent strikes at a california shipping port are over, but concerns of outsourcing persist. last week, striking workers protested that their jobs were being outsourced. employers denied sending jobs abroad. however, there is evidence that some industries are ramping up outsourcing. consulting firm the hackett group estimates since 2002, 663,000 jobs from large u.s. companies have gone abroad, mainly from industries like information technology, human resources, finance and purchasing. by 20
crippled cargo deliveries. the clerical union is expected to vote on whether to ratify the agreement in about 2 weeks. while shippers and workers have worked out a deal, the national retail federation warns it's possible retailers could get left with some bare shelves during the holidays if the strike continued. plans are moving forward to allow big box retailers to do business in india. for years, walmart and other u.s. companies have been battling to set up shops there. the indian government has enough votes to pave the way for the retailers despite crisitism that bringing in big box stores will crush small shops and farmers. later this week, the indian parliament's upper house will debate the issue. details are emerging into how a fire at a bangledesh factory could have been avoided. the factory makes clothes for walmart and sears. last month, 100 people were killed in the fire. since 2005, more than 700 garment workers have died, according to a labor rights group. bloomberg news has uncovered in a recent meeting an official for walmart saying that paying for the upgrade of the fa
with the better business bureau and western union, and in doing so, we have a scam stopper website. it is bbb.org/scamstopper. you can find out a ton of information - i blog for them - about the latest scams and different ways so that you can prevent them from happening, and if they do happen about what you can do. you have to keep on your toes, so the more you know, the less likely you are to get taken by one of these horrible fraudsters. > what if the unfortunate happens, that you are scammed? what can you do about it after the fact? > > time is of the essence. if you have wired money to somebody who you don't think really is the right person, get on the phone, especially if you used western union. call them right away. before the person has picked up the funds, you can stop the transaction so you won't be out any money. so important. get on the phone right away and listen to them. they are the experts. they have heard everything. so if they say it is a scam, it probably is. that is the very first step. but if the person has already picked up the money, it is gone, do file a police report,
threatened by nearly 15,000 longshoremen union members who are upset over wages and royalty payments. the strike would cripple 15 different ports. the union did not answer our calls, but the national retail federation says the walkout would cause a national economic emergency, and urges president obama to use "all means necessary" to prevent a strike. "we thnk the ripple effect would be fairly significant. all the industries that rely on parts, both importers and exporters, manufacturers, farmers, truckers, rail, you name it, all rely on the ports to move the nation's and global commerce." that was jonathan gold, vp of the national retail federation. the current contract expires at midnight on december 29th. lawmakers remain divided today over a deal to avert going over the fiscal cliff. last night, the house passed legislation known as plan b, which raises taxes on americans earning $1 million. senate democrats threatened to squash the bill, and the president has promised a veto. "senate democrats and the white house will have to act on this measure. two years ago, 53 democrats vot
hostess closed its doors, claiming a strike by a bakers' union put the company out of business. the brand laid off 18,000 employees. chuck coppola picks up the story from there. nothing draws a crowd like the last of anything. even if its made of artificial ingredients such as cellulose gum, which is also found in rocket fuel. such is the send-off consumers are giving to the last twinkies made for now in the u.s. and sent off to market. a sugar-rush worthy of black friday fell throughout chicago supermarket chain jewel-osco. the last 20,000 boxes of twinkies distributed by hostess brands were snapped up as if it was the fountain of youth in a sponge cake. "i used to eat them. when i was a kid, i enjoyed them." hostess brands filed for bankruptcy november 16th. since then, a cream-filled wave of nostalga has transformed the junk food into an icon of americana to be preserved - as if it needed help being preserved. "the shelf life of these will be a long time." [laughs "they're just gonna have one, not tons." at this store, 171 boxes went in less than a half-hour - some destined to show up
-and-a-half of periodic checks. as far as employee representation, he says no union has blocked arrowsight from installing cameras to monitor employees. in less than one year, online coupon company groupon moved from massively hyped to a mostly forgotten $4 stock. paul eggers takes us behind the scenes as former groupon employees vent over the rise and fall of company stock. groupon's stock chart is not a pretty picture. from its opening on the nasdaq in november of last year to today, the stock has dropped more than 80%. during that time, while traders quickly sold off their shares, former employees of groupon like jason bowman were barred from trading their options on the open market until june. "at one point during the lockout, it was about $30, and people were saying, 'boy, this could be something.' and then it went down to $7 and people said, 'boy, what happened to all that money?'" groupon alum dan knispel also was forced to sit on the sidelines as the value of his shares plummeted "i'd say it was rough, from time to time, especially as the number got smaller and smaller." like many early groupon em
been shut down by a strike for days could be closer to re-opening. union workers and ship-owners are meeting with a federal mediator. the walkout by 800 office clerical workers started november 27th against shipping lines and terminal owners. the office workers have been without a contract since june of 2010. they were joined on the picket lines in l.a. and long beach by dockworkers and truckers, bringing business to a standstill at those ports. shipping companies say the employees have been offered job security, along with generous wage and pension increases. workers contend their jobs are being shipped overseas. "we're not asking for money, we are asking for jobs, and most peopls are saying you are being greedy. no, that's not the whole point." the mayor of l.a. says the strike is costing the local economy billions of dollars per week. avoiding the fiscal cliff is coming down to taxes. president obama told bloomberg tv yesterday he is willing to be flexible, but there will be no deal unless republicans agree to raise income tax rates on the top 2% of wage earners in ame
by the pilots union meanwhile-- kodak just sold a chunk of it's patents for $525 million. apple, google and reseach in motion are among the buyers.the money made in the patent sale allows kodak to inch closer to getting out of bankruptcy. the company still holds 9,600 patents. a makeover of diesel powered vehicles is prompting some drivers to make a switch. clean diesel car sales were up 25 percent in 2012. within the last 5 years -- efforts have been made to make diesel engines more enviornmentally friendly. volkswagon, audi and mercedes are just a few automakers releasing diesels in 2013.. while popular in europe -- the cars have made less of an impact in the u-s due to the fact that diesel fuel is more expensive. there's currently a missing ingredient in the martha stewart empire -- a ceo. the ceo of martha stewart living omnimedia -- lisa gersh -- is leaving the company after just one year. the company is now looking for a replacement. other branches of the company including its publishing and broadcasting units have experienced recent declines. pfizer is cutting jobs in order to c
Search Results 0 to 12 of about 13 (some duplicates have been removed)